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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (29450)8/2/2010 2:53:16 PM
From: RockyBalboa  Read Replies (1) of 71454
 
Similar to 1.33s in EUR. Perhaps the pigs story was after all a ploy to inhibit the dollars decline for a time. But granted that the dollar would see another bounce either here, or when he clears 80 (after pound and EUR overshoot) another chart test should come.

Much will depend on the development in EUR/JPY and GBP/JPY, both on a continued bounce.
After the current recovery, the CHF and the JPY remain much higher vs. the dollar than before something "secular". I found, together with the gold, the yen could do the dip trip, but as usual, I was too early when I sold a good part of my yeon.
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